[conjectures]

This is a question I ask.

The UK policy was, effectively, 'paaarty!'

[smcl]

Sad but true. One shining light in this dismal situation however is that Shetland managed to do something similar to Norway: https://www.google.com/amp/s/www.scotsman.com/news-2-15012/g...

[sgt101]

Well - capitalise trade in The City of London; without the oil it's pretty clear London wouldn't have developed the way it did.

[conjectures]

Rather than the story of financial degregulation?

Sceptical.